Ceigall India Sells 100% Stake in Highways Subsidiary to Neo Infra Income Opportunities Fund
Ceigall India Limited has completed the sale of its entire stake in Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH) to Neo Infra Income Opportunities Fund. The transaction, finalized on June 16, 2026, saw Ceigall India and its subsidiary, Ceigall Infra Projects Private Limited, transfer the 100% equity shares of CMASH to the Purchaser.Following the successful disposal, Ceigall Malout Abohar Sadhuwali Highways Private Limited ceases to be the StepDown Subsidiary of Ceigall India Limited as of June 16, 2026.
The buyer in this transaction is Neo Infra Income Opportunities Fund, which operates under Neo Alternative Asset Managers Private Limited. The sale was concluded for a consideration that included a cash surplus of Rs. 182.20 crores. The deal was confirmed to be outside the scope of any related party transactions.
Prior to the sale, CMASH demonstrated specific performance metrics regarding the company's operations and financial standing in the last financial year ended March 31, 2026.
Key financial details of Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH) for the year ended March 31, 2026:
| Financial Metric | CMASH Value | Percentage of Consolidated Entity |
|---|---|---|
| Turnover/Revenue | Rs. 826.89 Million | 2.10% |
| Net Worth | Rs. 1361.14 Million | 6.30% |
The sale process involved several agreements, including a Binding Offer Letter dated February 9, 2026, the Share Purchase Agreement signed on June 3, 2026, and the First Amendment to the Share Purchase Agreement executed on June 16, 2026. The buyer, Neo Infra Income Opportunities Fund, is managed by Neo Alternative Asset Managers Private Limited and was confirmed not to be affiliated with any promoter or promoter group companies.
CEIGALL Stock Price Movement
Shares of Ceigall India Limited are edging higher to ₹371.05 as of 12:01 PM today, gaining 0.19% in live trading. Total traded volume stands at 264,781 shares as the equity continues its upward movement.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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